GE shares slump as worsening supply chain, inflationary woes pressure profit

A traffic light is seen in front of a logo of General Electric at the company’s plant in Birr, Switzerland June 17, 2019. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register April 26 (Reuters) – General Electric Co (GE.N) on Tuesday said fresh COVID-19 pandemic-related lockdowns in China as well as … Read more

Netflix subscribers fall for first time in a decade, shares plunge 23%

April 19 (Reuters) – Global streaming giant Netflix Inc (NFLX.O) on Tuesday reported losing subscribers for the first time in more than a decade and predicted more contraction in the second quarter, a rare miss for a company that has been a reliable growth engine for investors. The company’s stock plunged 23% in after-market trading, … Read more

Lockheed quarterly profit falls 5.7% on supply chain snags

FILE PHOTO: A RAF Lockheed Martin F-35B fighter jet taxis along a runway after landing at the Royal International Air Tattoo at Fairford, Britain July 8, 2016. REUTERS/Peter Nicholls/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register April 19 (Reuters) – US weapons maker Lockheed Martin Corp (LMT.N) on Tuesday said its … Read more

Inflation and rate hikes ahead: Bankers cautious on the economy

Charles Scharf, CEO, Wells Fargo speaks at the 2021 Milken Institute Global Conference in Beverly Hills, California, US October 18, 2021. REUTERS/David Swanson/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, April 14 (Reuters) – Wall Street’s major banks and asset managers were cautious about the economy as they detailed how … Read more